Mortgage Information

What are your options?

When considering taking out a mortgage the majority of people only consider the interest rate when making a decision on a lender and product.

Whilst the interest rate is important, there are a range of factors that should also be taken into consideration including;

• Term of the loan
• A fixed term rate or a floating or variable rate
• Upfront costs including any processing fees
• Any exit fees if the loan is paid out early
• Any break fees if I sell the property
• Cost of any life insurance if required
• Valuation costs
• Statutory government charges and Real estate fees
• Increased costs if I rent out the property and leave the country

The initial upfront and government charges can vary from Emirate to Emirate so it is important that you check these charges depending on where you are looking to buy.